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Real Estate and Development

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Ruhl & Ruhl named Member of the Year

NAI Ruhl & Ruhl Commercial Co., which has offices in Davenport and Des Moines, has received the Member of the Year Award for 2010 from NAI Global. Ruhl & Ruhl Commercial was chosen from among …

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Signed Lease Transactions (Week of Feb. 13)

Goodwill Industries of Central Iowa Inc. has leased 30,000 square feet of industrial space at 4100 Dixon St. in Des Moines. The tenant was represented by Ben Condon of Terrus Real Estate Group LLC. The …

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Surprise! 2008 homebuyer tax credits must be repaid

Uncle Sam has a reminder for some people who took advantage of the first-time homebuyer tax credit three years ago: He wants his money back.

Americans who bought homes in 2008 and took the government …

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More home contracts were written in January

The Des Moines Area Association of Realtors reported that 530 contracts to purchase homes were written in January, and that there were 5,086 active listings.

That compares to 554 contracts written in January 2010, but …

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Home mortgage rates rise as prices drop

The average rate on a 30-year fixed-rate mortgage climbed to 5.05 percent today, the fourth consecutive weekly increase, Bloomberg reported.

The 0.24 percentage point gain for the week ended Feb. 10 brought U.S. mortgage rates …

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ICREA installs new board members

The Iowa Commercial Real Estate Association today installed its 2011 officers and directors. Kyle Gamble, managing director of CB Richard Ellis/Hubbell Commercial, will serve as the nonprofit trade association’s president. Matt Lundberg of NAI Ruhl …

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Foreclosures fall by 17 percent

Fewer foreclosure filings were made in January compared with the year-earlier period, MarketWatch.com reported.

According to a report released on Thursday by RealtyTrac Inc., the volume of foreclosure filings fell 17 percent last month from …

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Cedarbrooke construction scheduled

Hubbell Realty Co. announced that the development of Cedarbrooke Place Apartments in Norwalk is scheduled to begin next month. The first two phases of the project, which will consist of a 24-unit building and a …

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Bank of America drops Albaugh case

Bank of America Corp. has agreed to dismiss a federal lawsuit it filed in October 2010 against Ankeny businessman Dennis Albaugh, an investment partner and a development company in Marco Island, Fla., according to a …

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Change of plea scheduled in Equitable asbestos case

A change of plea hearing is scheduled for Feb. 15 in U.S. District Court in Des Moines for Russell Coco, who was charged along with developer Bob Knapp of fraud and other counts stemming from …